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Five things to know: Breaking down the broker fee lawsuit
Blog 5 days ago
Five things to know: Breaking down the broker fee lawsuit

The lawsuit from the real estate industry that has temporarily brought back renter-paid broker fees argues that there is no clear legislative...

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Real estate lobby goes to court to overturn broker fee ban
Blog 1 week ago
Real estate lobby goes to court to overturn broker fee ban

A group of real estate interests will go to court Monday over a new policy they say will devastate apartment brokers by barring them from...

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Neighborhoods should have a say about the boom in e-commerce warehouses
Blog 1 week ago
Neighborhoods should have a say about the boom in e-commerce warehouses

Rarely has a single trend affected the daily lives of New Yorkers more than the proliferation of last-mile facilities in neighborhoods throughout...

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Flexible-workspace brand to open its first local outpost
Blog 1 week ago
Flexible-workspace brand to open its first local outpost

A flexible workspace firm launched a year ago by the real estate services giant CBRE is breaking into New York City with a large location in Lower...

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Forever 21 has $81M bid from Simon, Brookfield, Authentic
Blog 2 weeks ago
Forever 21 has $81M bid from Simon, Brookfield, Authentic

A group including two of Forever 21 Inc.'s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the...

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Meatpacking District evolving into hot spot for office tenants
Blog 2 weeks ago
Meatpacking District evolving into hot spot for office tenants

Last spring RFR Realty announced it would lease the roughly 53,000-square-foot office component of its newly acquired 875 Washington St. to the...

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It's getting more expensive to rent in the New York metro area
Blog 2 weeks ago
It's getting more expensive to rent in the New York metro area

For years, some New Yorkers have found financial relief by renting outside the five boroughs, but now, the New York metro area is seeing asking...

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Saks appeal: Men's store closing to make room for new concept
Blog 2 weeks ago
Saks appeal: Men's store closing to make room for new concept

Saks Fifth Avenue will soon shutter its men's store at Brookfield Place a year after closing a larger women's department store in the Lower...

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De Blasio's affordable-housing plan was a victim of his failed presidential bid
Blog 2 weeks ago
De Blasio's affordable-housing plan was a victim of his failed presidential bid

The mayor's failed presidential campaign has claimed another victim. Six years ago Mayor Bill de Blasio took the stage at LaGuardia Community...

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Stop Cuomo's LaGuardia AirTrain from steamrolling Queens community
Blog 3 weeks ago
Stop Cuomo's LaGuardia AirTrain from steamrolling Queens community

The current proposal to build a rail link to LaGuardia is misguided, lacking any real public benefit. It is, at the same time, a boondoggle for...

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Simon Property, Authentic Brands consider buying Forever 21
Blog 3 weeks ago
Simon Property, Authentic Brands consider buying Forever 21

Mall owner Simon Property Group is considering a bid to buy Forever 21 Inc., the bankrupt teen retailer that’s running out of money and time,...

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Pair of investors ask judge to help knock out landlord at Park Avenue tower
Blog 3 weeks ago
Pair of investors ask judge to help knock out landlord at Park Avenue tower

Brookfield Properties is hoping a state court judge will help it take control of one of Park Avenue’s most prized office buildings. The city’s...

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De Blasio not throwing support behind push for new housing in SoHo
Blog 3 weeks ago
De Blasio not throwing support behind push for new housing in SoHo

Don't hold your breath for SoHo or NoHo rezoning anytime soon. Mayor Bill de Blasio on Friday cast doubt on an activist effort to change the zoning...

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Lenox Terrace redevelopment plan teeters on collapse
Blog 3 weeks ago
Lenox Terrace redevelopment plan teeters on collapse

A long-sought redevelopment plan on the site of one of Harlem's largest residential complexes appears to be on life support. The Olnick...

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Signature Bank cuts back on lending to rent-regulated apartments
Blog 3 weeks ago
Signature Bank cuts back on lending to rent-regulated apartments

Signature Bank reined in loans to owners of rent-regulated apartments in the fourth quarter, the latest institution to cut back after sweeping...

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Coca-Cola building purchase led second half of property sales in flat market
Blog 1 month ago
Coca-Cola building purchase led second half of property sales in flat market

For yearlong access to lists assembled by Crain's New York Business, please log in or subscribe for a data membership. The Coca-Cola Building was...

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The city wants to keep SoHo stuck in the 70s
Blog 1 month ago
The city wants to keep SoHo stuck in the 70s

The city recently held a much-anticipated meeting discussing the rezoning recommendations for SoHo and NoHo. Diverse views were expressed, but it...

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Almost no one buying a home in Greenwich is paying sticker price
Blog 1 month ago
Almost no one buying a home in Greenwich is paying sticker price

Almost no one buying a home in Greenwich is paying the sticker price. Ninety percent of all single-family deals in the fourth quarter were for less...

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City property values rise 4.7% on construction boom
Blog 1 month ago
City property values rise 4.7% on construction boom

New York City is reaping the benefits of a construction boom. The city set a value of $1.38 trillion for its more than one million properties for...

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Four experts weigh in on the city's shifting real estate scene
Blog 1 month ago
Four experts weigh in on the city's shifting real estate scene

WeWork wobbled, Barney's went bust, Albany rewrote the rent regs, and Amazon (mostly) skipped town. 2019 was one rough ride for much of the city's...

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Google quietly expands in city in wake of Amazon’s stumble
Blog 1 month ago
Google quietly expands in city in wake of Amazon’s stumble

If Amazon's botched expansion in Queens offers a cautionary tale, Google is showing there's another way. The Alphabet Inc. unit has added thousands...

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Landlord blasts Cuomo's plan to expand Penn Station over his property
Blog 1 month ago
Landlord blasts Cuomo's plan to expand Penn Station over his property

Governor Andrew Cuomo's bold plan to expand Penn Station has left some landlords in the path of the proposed mega-project's bulldozers concerned...

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Construction firms pursue glitzy landlord group for $11 million
Blog 1 month ago
Construction firms pursue glitzy landlord group for $11 million

A West Side property owned by a collection of A-list names-including hedge fund manager Bill Ackman, NBA superstar LeBron James and Arnold...

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Investment partners spend $166M on Bronx rent-regulated apartment portfolio
Blog 1 month ago
Investment partners spend $166M on Bronx rent-regulated apartment portfolio

A group of real estate investment companies has agreed to spend $166 million to purchase a group of regulated apartment buildings in the Bronx....

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Newsmaker 2019: Stewart-Cousins makes history and upsets Albany's status quo
Blog 2 months ago
Newsmaker 2019: Stewart-Cousins makes history and upsets Albany's status quo

The first female state Senate majority leader didn't just make history this year. She made changes. Andrea Stewart-Cousins waited nearly a decade...

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Newsmaker 2019: Battle over Amazon's comings and goings rages on
Blog 2 months ago
Newsmaker 2019: Battle over Amazon's comings and goings rages on

In the end, Amazon could not brave the rapids of New York City politics. If any news story exposed the fresh currents coursing through state...

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Newsmaker 2019: Hudson Yards sparks West Side reboot
Blog 2 months ago
Newsmaker 2019: Hudson Yards sparks West Side reboot

For years, the collection of recently built and under-construction office skyscrapers in Hudson Yards has attracted a growing list of major tenants...

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Veteran broker joins tenant-focused firm
Blog 2 months ago
Veteran broker joins tenant-focused firm

A veteran real estate executive who bounced across the commercial office leasing industry as it underwent major consolidations during the past...

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Trader Joe's planning store in Long Island City
Blog 2 months ago
Trader Joe's planning store in Long Island City

Trader Joe's is bringing its discount groceries to Long Island City, according to multiple media reports. The national chain will launch a 17,000...

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Amazon closes in on deal for new Queens delivery hub
Blog 2 months ago
Amazon closes in on deal for new Queens delivery hub

Amazon is close to completing a deal for a large new warehouse in Queens that would be custom built for its occupancy, several people with...

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